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Strategy News
HRKatha
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IllFonic announces layoffs amid industry-wide challenges
- IllFonic, the studio behind the multiplayer hit ‘Friday the 13th: The Game’, has confirmed a wave of layoffs as part of a strategic realignment.
- The exact number of affected employees has not been disclosed, but reports indicate the cuts are significant, reflecting the difficulties faced by the gaming industry in 2024.
- The layoffs at IllFonic align with a broader trend affecting gaming studios worldwide.
- Efforts are being made to assist the affected employees by connecting them with new opportunities in the gaming sector.
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Forbes
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205
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Zoho Commerce Review 2024: Features, Pros And Cons
- Zoho Commerce is a robust e-commerce platform that supports growing companies with affordable pricing.
- It offers core e-commerce features and advanced B2B features for individual customer accounts.
- Customer support may be a concern due to potential confusion between teams and frustration for users.
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HRKatha
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374
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Airbus to cut over 2,000 jobs in defence and space division
- Airbus plans to eliminate 2,043 jobs in its Defence and Space division, representing about 5% of its workforce.
- Over half of the job cuts, 1,128 positions, will occur in the Space Systems business, which has been affected by challenges in the satellite market.
- The reductions primarily target white-collar and management roles and aim to lower overheads and fixed costs.
- The layoffs are part of Airbus' efforts to adapt to evolving market conditions and increasing competition from US companies in the satellite sector.
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HRKatha
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30
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Mizoram government pushes for revival of traditional attires
- The Mizoram government is encouraging citizens, especially government employees, to wear traditional Mizo attires at least once a week.
- The initiative aims to promote pride in Mizo culture and customs, as well as inspire innovation in traditional designs and production.
- The directive is applicable to all government departments, PSUs, boards, and agencies, with department heads responsible for spreading the message.
- This push for traditional attires aligns with the spirit of Mizoram's festivals and aims to connect modern workplaces with cultural roots.
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Forbes
2w
121
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CD Rates Today: December 6, 2024—Take Home More Than 5%
- CD rates on certificates of deposit are offering as high as 5.37%
- Current average rate on 3-month CD sits at 1.31% and the highest rate stands at 5%
- If interested in a short term, high-yield CD, consider a 6-month CD with a best rate of 5.25%
- The highest interest rate on a 12-month CD is 5.37% and best rate remains the same from last week
- 2-year CDs today are being offered at interest rates as high as 4.52%
- Today's highest rate on a 3-year CD is 4.65% and that was also the best rate last week
- On a 5-year CD, the highest rate today is 4.31% and APYs are averaging 1.59%
- Most Jumbo CDs require a minimum deposit of $100,000 with the best rate of 5.37% for 6-month term
- Traditional brick-and-mortar banks tend to offer lower CD rates than online banks
- You may not want to tap your CD before the term ends as early withdrawal penalties can be severe
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Forbes
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239
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Mortgage Rates Today: December 6, 2024—Rates Remain Fairly Steady
- The current mortgage rate on a 30-year fixed mortgage fell by 0.12 percentage point in the last week to 7.04%.
- The APR on a 15-year fixed mortgage dropped 0.07 percentage point during the same period to 6.23%.
- Today’s average rate on a 30-year, fixed-rate mortgage is 7.04%, which is 0.12 percentage point lower than last week.
- The interest plus lender fees, called the annual percentage rate (APR), on a 30-year fixed mortgage is 7.06%.
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Forbes
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291
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Money Market Interest Rates Today: December 6, 2024 — Earn Up To 5.00%
- The average money market rate is 0.56%, with the best rate today being 5.00%.
- Money market accounts are interest-bearing deposit accounts that function like savings accounts.
- They offer higher interest rates compared to regular savings accounts, but require higher minimum deposits and balances.
- When opening a money market account, consider factors such as rates, minimum balance requirements, fees, and withdrawal limits.
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Forbes
2w
300
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Today’s Refinance Rates: December 6, 2024—Rates Dip
- Today's 30-year fixed mortgage refinance rate is averaging 7.18% and for 15-year fix rates are averaging 6.24%.
- The APR on a 30-year fixed refinance is 7.20% and on a 15-year fixed refinance is 6.27%.
- For 30-years fixed refinance mortgage of $100,000, homebuyers will pay $677 per month in principal and interest at 7.18% interest rate.
- For 20-year fixed refinance mortgage of same amount, buyers will pay $775 for principal and interest per month at 7.00% interest rate.
- The 15-year fixed refinance mortgage has an average interest rate of 6.24%.
- For a 15-year fixed refinance mortgage of $100,000 borrowed, buyers will pay $857 per month in principal and interest.
- The average interest rate on a 30-year, fixed-rate jumbo mortgage refinance and 15-year, fixed-rate jumbo mortgage refinance is 7.06% and 6.89% respectively.
- It is worth noting that refinance rates are different and slightly higher from mortgage rates.
- Refinancing can allow tapping available equity or eliminating private mortgage insurance (PMI).
- However, it is important to keep in mind that the refinancing process carries costs and makes more sense if you plan to stay in your home for some time.
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Forbes
2w
422
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Current HELOC & Home Equity Loan Rates: December 6, 2024—Rates Are Mixed
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments.
- A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.
- Your equity in your home comes from how much you’ve paid on your mortgage. The longer you’ve been paying off your mortgage, the more equity you have. You can tap into that equity through a home equity loan.
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HRKatha
2w
409
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Gujarat announces 3% DA hike for employees and pensioners
- The Gujarat government has approved a 3% increase in dearness allowance (DA) for its employees and pensioners.
- The hike raises the DA from 50 to 53% of basic pay and will be implemented retrospectively from 1 July, 2024.
- The arrears for the DA increase from July to November will be disbursed with the December salary and pension payments in January 2025.
- This decision underscores the state’s commitment to supporting its employees and pensioners while maintaining alignment with the recommendations of the 7th Pay Commission.
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Minis
2w
53
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Top Workplace Jargons You Need to Know
- Synergy – Refers to the idea that a team’s combined efforts produce better results than individual efforts.
- Leverage – Making the most out of available resources, such as time, skills, or technology, to maximize outcomes.
- Pivot – A shift in strategy or direction, often in response to new insights or market conditions.
- Touch Base – Checking in with someone, usually for updates or alignment.
- Low-Hanging Fruit – Tasks or opportunities that are easy to accomplish with minimal effort, often prioritized for quick wins.
- Think Outside the Box – Encouraging creative or unconventional thinking to solve a problem.
- Actionable Insights – Information that can be directly applied to make decisions or take action.
- On the Same Page – Ensuring everyone has the same understanding or is aligned on a topic.
- Bandwidth – Refers to the capacity or ability to take on additional tasks or responsibilities.
- Circle Back – To revisit a topic or task at a later time for further discussion or completion.
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Minis
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38.5k
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The 2 most important things you need to learn in your first few jobs to advance your career faster
- In your early career, focusing on developing skills is useful, but it's more important to identify two things: what you're naturally good at and what you enjoy doing.
- Understanding these can help you find a job that aligns with your strengths and passions, giving you a career advantage. People often discover their talents and preferences through trial and error.
- Once you recognize them, pursuing a role that leverages both can lead to greater success. Effort is key, but combining talent with enthusiasm is the optimal path to long-term career growth and satisfaction.
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Minis
2w
3k
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5 key tips to ace an AI-powered job interview
- Research the Role: Understand the job description and key skills required. Tailor your responses to align with the company's expectations.
- Practice Common Questions: Use online tools or mock interview apps to rehearse answers for behavioral and technical questions often evaluated by AI.
- Focus on Clarity: AI assesses structured and concise answers, so practice clear and relevant responses.
- Be Honest: AI algorithms detect inconsistencies. Avoid exaggerating skills or experience.
- Mind Your Tone and Body Language: If the AI analyzes video, maintain good posture, eye contact, and a friendly tone.
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Minis
2w
20
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You only need one thing to ace an interactive AI interview, says CEO who makes them
- AI-powered job interviews are becoming more common, with platforms like Apriora conducting up to 1,000 interviews daily.
- Co-founder Aaron Wang explains that AI recruiter Alex automates the process, including scheduling, conducting interviews, and providing feedback. To succeed in an AI interview, Wang suggests having a stable internet connection and confidently discussing your skills.
- Interviews are conversational, without interruptions, and can be tailored based on your answers. This process shortens traditional multi-stage interviews into one or two rounds. Wang believes AI improves equity in hiring and offers a more flexible, unbiased candidate experience.
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HRKatha
2w
2k
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Rethinking performance metrics in the modern workplace
- Traditional performance assessments based solely on quantitative metrics may not accurately judge an individual's performance or character.
- Measuring success solely based on numbers can overlook external factors and the effort, resilience, and grit put forth.
- Metrics such as time-to-fill and cost-per-hire may miss long-term implications like employee turnover and team cohesion.
- Balancing quantitative metrics with qualitative assessments, cultural change, and valuing human insight can lead to a more thriving workforce and successful organizations.
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